ROKU - Roku's Analysts Are Changing Their Forecasts On The Stock - Here's Why | Benzinga
Benchmark analyst Daniel Kurnos reiterated Roku Inc (NASDAQ:ROKU) with a Buy rating and a $115 price target.
The analyst noted that Roku has had a tough couple of months since the last print, during which shares moved back rapidly and ultimately below the hypothetical $60 support level.
Kurnos tweaked his second and third-quarter projections to align with the consensus on Platform growth. Still, he maintained his above-consensus view for the fourth quarters of 2024 and 2025, with investors clearly skeptical of the latter after all the recent commentary.
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The analyst liked that sentiment across the board is highly damaging regarding upside share price potential, although he suspected that, even with some possible tailwinds from traditional TV budgets and incremental 3P DSP usage, near-term fundamental blowouts seem less likely.
However, the analyst noted Roku is ...